Sylebra HK Co Ltd increased its position in shares of Yirendai Ltd – (NYSE:YRD) by 109.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,296,169 shares of the technology company’s stock after purchasing an additional 677,938 shares during the quarter. Yirendai makes up approximately 4.3% of Sylebra HK Co Ltd’s investment portfolio, making the stock its 7th largest position. Sylebra HK Co Ltd owned about 2.17% of Yirendai worth $52,145,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Deutsche Bank AG increased its position in shares of Yirendai by 621.7% during the fourth quarter. Deutsche Bank AG now owns 3,024 shares of the technology company’s stock worth $132,000 after purchasing an additional 2,605 shares in the last quarter. PEAK6 Investments L.P. purchased a new stake in shares of Yirendai during the fourth quarter worth approximately $217,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Yirendai during the first quarter worth approximately $239,000. Quadrature Capital Ltd acquired a new position in Yirendai during the fourth quarter worth $242,000. Finally, Verition Fund Management LLC acquired a new position in Yirendai during the first quarter worth $287,000. Hedge funds and other institutional investors own 11.54% of the company’s stock.
YRD has been the topic of a number of recent research reports. TheStreet lowered Yirendai from a “c-” rating to a “d+” rating in a research note on Thursday, May 31st. ValuEngine lowered Yirendai from a “buy” rating to a “hold” rating in a research note on Tuesday, May 29th. Needham & Company LLC lowered their price objective on Yirendai from $50.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, May 29th. Finally, Deutsche Bank initiated coverage on Yirendai in a research note on Monday, April 9th. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Yirendai currently has a consensus rating of “Buy” and an average target price of $47.00.
Yirendai (NYSE:YRD) last released its quarterly earnings data on Thursday, May 24th. The technology company reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.73. Yirendai had a return on equity of 51.90% and a net margin of 21.93%. The company had revenue of $253.90 million for the quarter, compared to analyst estimates of $250.75 million. During the same quarter in the previous year, the company posted $5.81 earnings per share. equities research analysts predict that Yirendai Ltd – will post 4.85 earnings per share for the current fiscal year.
Yirendai Company Profile
Yirendai Ltd. operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. It offers standard loan products; and fasttrack loan products through mobile applications. The company also provides investing tools. The company was founded in 2012 and is based in Beijing, the People's Republic of China.
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